Pi Pension Trustees was established in 2001 and is based in Wimbledon Village, London, SW19. We provide professional, independent trustees to UK based pension schemes. We work with ongoing defined benefit and defined contribution schemes, schemes in the process of wind up and schemes in PPF assessment. We often provide specialist support to trustee boards on an interim basis, as particularly challenging issues arise, when our specialist knowledge can support the other trustees.
As well as acting as Chair, or as independent board members, we can also act on a sole trustee basis where our Trust Corporation status can provide the following advantages:
In 2016 the Pi Partnership Group acquired a portfolio of business from the independent trustee company Temple Trustees Ltd in the South West and in December 2018 we acquired Midlands based Fairfield Pension Trustees. These acquisitions complement our existing Pi Pension Trustees clients, increases our geographical coverage and demonstrates our continuing commitment to the independent trustee market.
Pi Pension Trustees’ operations are controlled by a governance process structured within a quality control framework, to help deliver consistency and maintain the highest standards of professionalism in all our trustee appointments. At Pi Pension Trustees, we believe that a strong governance and control framework is essential to delivering the highest quality service.We deliver excellence in pension technical knowledge and a practical application of such knowledge. Our previous work with the Pensions Regulator has demonstrated our ability to deal with a range of complex and unusual situations. This pragmatic application of knowledge can be used to support incumbent trustees through myriad scenarios, giving them and their members confidence.
Our culture seeks to celebrate positive results for our clients and to learn from experience. Our independent trustees are comprised of business people, accountants, actuaries and lawyers. That way we can help supply the independent trustee support your scheme requires. All of our trustees are supported by our training programme and subject to peer review.
Our processes are subject to independent audit as part of our AAF02/07 requirements.
Meet some of the faces behind our company
Based in the South West Tim has over 30 years’ experience in pension law and was previously a partner in the pensions team at Burges Salmon. Tim has provided legal advice to a number of pension scheme boards including QinetiQ pension scheme, Westland pension scheme, First UK Bus pension scheme and Inchcape Motors pension scheme. His extensive experience in all areas of pension law provided a strong foundation for his various Trustee appointments. Tim is a regular speaker at numerous seminars and investment conferences. At Pi Trustee Services he provides additional governance and trustee support across a variety of projects including our increasing Sole Trustee capability.
Tim is a member of the Association of Pension Lawyers Group; a Fellow of the Pensions Management Institute and a TPAS advisor.
Jenny graduated from Oxford University in 2001 with an MA in Mathematics and qualified as an actuary in 2008. Jenny started her actuarial career at Garvins (later Barnett Waddingham) before moving to Trigon Pensions Limited. There she helped to grow the actuarial team and took on the role of Scheme Actuary. In 2015 Jenny joined Mathieson Consulting Limited, pensions on divorce specialists, as actuary and expert witness to a wide range of cases. In 2016 Jenny joined Fairfield to return to a client facing role.
Jenny is based in Bromsgrove, Worcestershire. In her spare time Jenny enjoys days out with her young family, reading and going to the cinema.
Sarah graduated from Oxford University in 2007 with a Masters in Mathematics and qualified as an actuary in 2011. Sarah started at Garvin consulting Actuaries in 2007, shortly before they merged with Barnett Waddingham in 2008. Sarah joined Fairfield Pension Trustees Limited (then Hanover Independent Trustees Limited) in 2015 to focus on scheme management. Sarah is based in Bromsgrove, Worcestershire.
In her spare time Sarah enjoys spending time with her family and friends, seeing comedy and music shows and church bell ringing. In addition, Sarah has a black Labrador-Greyhound called Max who enjoys long walks and running.
Maggie is an experienced Trustee in the pension and charitable sectors and has a background in investment management. As an asset manager she has wide-ranging experience running institutional pension client portfolios, after leaving asset management, she established a successful training consultancy to provide investment training to a variety of investment and business professionals. Clients included government departments, regulators, central banks and most of the investment firms in the UK and overseas, as well as administrators and data providers.
Experience that combines investments and training is especially valuable as a member of a Trustee Board whether considering asset allocation, manager selection or de-risking strategies, including LDI.
A leading committee member for over 20 years on the IIMR Investment Management Certificate Exam Panel and Examinations Committee. Maggie is a Fellow of the Society of Investment Professionals (FSIP), a member of the Chartered Financial Analysts’ Institute UK, the APPT and the Pensions Management Institute.
Nigel has worked in occupational pensions for over 40 years, and for more than 25 years he has been a professional trustee, either as a main board member, Chair or as sole trustee.
His experience ranges from ensuring the Trustee Board meets the necessary compliant governance all the way through to highly imaginative and creative problem solving. He has dealt with ongoing schemes and chaired schemes through buy-out and winding-up processes. His clients have been in the commercial, charity and public sector so he is used to working with a range of employers and understands their commercial pressures.
Nigel is a member of the Association of Professional Pension Trustees, having been a founder committee member of its forerunner. He will often be found keeping the score at cricket matches or watching his favourite rugby team getting beaten.
A winner in 2014 of the Engaged Investor Award – Trustee Secretary of the Year, Chris has an extensive knowledge of occupational pension schemes and focuses on support to Trustee Boards, service delivery, governance and member engagement. Prior to joining Pi Partnership in 2018 he was Secretary to the Trustees at UK Power Networks for four years where he provided secretarial support to the Company’s two DB Pension schemes.
Chris has a background in benefits administration and has completed the Pension Regulator’s Trustee Toolkit. He works closely with our Independent Trustees to deliver a streamlined and efficient service to our clients.
Sarah has acted as an independent trustee for over 20 years where her highly collaborative and pragmatic approach has made her a highly valued Chair of Trustees to a number of pension arrangements. She has expertise with DB, DC and Death in Service schemes and has acted either as Chair or Sole trustee to over 60 schemes in her time as pension scheme trustee.
Sarah graduated in law from Cambridge University before qualifying as a solicitor. Initially engaged as a corporate lawyer, Sarah later specialised in pensions and trusteeship. This included developing an independent pension scheme trustee practice, most recently through the associated corporate trustee practice owned by Burges Salmon LLP. As well as acting as an independent trustee Sarah has also been involved with specialist trustee training and board effectiveness reviews. Until ceasing to practise as a solicitor in early 2016, she was a full member of the Association of Pensions Lawyers.
Roger is Head of Trusteeship at Pi Trustees and has over thirty five years’ experience in the benefits industry, initially at large consultancies such as Towers Perrin (now Towers Watson) and Mercer. He has also undertaken a number of lengthy interim pension manager assignments.
Roger now acts as independent Chair to a number of Trustee Boards and also provides additional support on an interim basis where Trustee Boards are facing particular challenges. His expertise includes helping address conflicts of interest, dealing with the impact of mergers and acquisitions and managing complex valuations.
His keen commercial awareness enables him to deliver a pragmatic, proportionate and disciplined approach to all his professional, independent trustee appointments.
Roger is a Fellow of the Pensions Management Institute (PMI) and is on the committee of the PMI Trustee Group and a regular speaker at PMI seminars.
Lynn is an experienced pensions professional, having spent thirty years in the industry. Lynn has worked with a number of large UK consultancies, most recently being a Scheme Actuary with Aon Hewitt. She has supported Trustee Boards through significant events such as funding negotiations, implementation of LDI strategies, scheme mergers, corporate transactions, buyout of scheme liabilities and insolvency situations.
Since 2010 Lynn has focused on her role as an independent trustee and specialises in working with schemes where her pragmatic and proportionate approach can help ensure efficient management of trustee business. She has also managed complex projects including assessment for Pension Protection Fund entry and the design and implementation of a trust based defined contribution arrangement.
Lynn is a Fellow of the Institute and Faculty of Actuaries.
Prior to establishing Pi Consulting, John worked at both Mercer and Sedgwick Noble Lowndes, where he led and co-ordinated services from multi-disciplined teams, embracing administration, actuarial, consultancy, accounting, trusteeship and investment services. A key part of John’s role is providing advice, guidance and professional leadership to trustee bodies, as representative (director) of a corporate trustee, independent trustee, and as Chair of Trustees. His strong technical background enables him to provide clear leadership and to challenge advisers appropriately.
John specialises in working with pension schemes faced with complex issues, such as sensitive funding discussions and employer covenant considerations. He has been involved in a number of cases that have combined implications of substantial pension deficit for the employer and reaching a compromise agreement, coupled with high and low level interest by The Pensions Regulator.
He is a member of the Chartered Insurance Institute and holds the PMI Certificate of Trusteeship.
Jane Middleton is an experienced CFO and has held a number of senior roles at Rockwell Collins, Virgin Atlantic, TNT Express and Pizza Hut. Jane now consults on a regular basis providing strategic support to companies as well as acting as an independent pension trustee. She has an Award in Pension Trusteeship from the Pensions Management Institute and a Diploma in Regulated Financial Planning.
Jane has a wealth of pensions experience including closing schemes, addressing underfunded schemes, developing and agreeing payment plans with the Pensions Regulator, assessing options and developing strategies for companies looking to mitigate their balance sheet risk. She has a good appreciation for both company and member challenges including negotiating with overseas parent companies.
Jane holds a number of Board positions including Chairman of Airlines UK, Trustee of the Royal Aeronautical Society (RAeS), the Dame Kelly Holmes Trust (DKHT) and Airlink (US not for profit). She is also an Honorary Air Commodore for the Royal Auxiliary Air Force.
Skip has been a trustee for 18 years and an independent trustee for over 6 years. His appointments include Independent Chair of the Trustees for the Bank of America UK scheme (DB and DC), Trustee director of the Bank of America Merrill Lynch UK scheme and board director of the London Pension Fund Authority (LPFA), which delivers local government pension scheme (LGPS) administration services and manages assets on behalf of Greater London Authority (GLA) and some 230 other employers.
As well as having extensive experience of working with DB pension schemes, Dr Dermot `Skip` McMullan, is Chair of trustees of one of the largest DC pension schemes in the UK and is at the forefront of developments in DC governance standards, member communication and investment design. His expertise in this area has been recognised by the Investment Strategy of the Year award from Engaged Investor in 2011 and again in 2015 and has recently aquired certification for the Award in Pension Trusteeship (Defined Contribution and Defined Benefit Schemes).
Angela has over thirty years’ experience in scheme management. Prior to joining Pi Consulting in 2009, as a Group Manager within Mercer she had reporting responsibilities for 4 administration team leaders and up to 40 staff and was also a member of their “Best Practice Group”.
Since joining Pi she has been involved in a variety of project based appointments, including some emergency appointments where she has dealt with complex issues concerning property holdings, non regulated investments and some highly litigious situations. Her project management skills are essential in ensuring the best possible outcomes as efficiently as possible.
Angela therefore combines a practical approach to administration and extensive experience of design and implementation of efficient process delivery. She was a member of one of the Government’s “Speeding up Process” working parties and is a Fellow of the Pensions Management Institute
Before joining Pi, Andrew was a partner with Grant Thornton for twenty five years, acting as an Insolvency practitioner. During his last seven years, Andrew led their development of a covenant service for employers and trustees and was involved with a number of high profile situations, including multinational employers with substantial schemes. His role also led to him advising The Pensions Regulator, in relation to Scheme Specific Funding, and the Pension Protection Fund, in relation to scheme compromises.
His work as a covenant adviser means he is well placed, as an independent trustee, to be able to distill covenant requirements and ascertain the key issues which need to be addressed. He has been involved in advising a number of International employer groups and is familiar with the challenges that these situations present, including understanding and acting in pursuing Financial Support Directions and Contribution Notices.
Amanda is Head of Business Development for both Pi Consulting and Pi Pension Trustees client services. As well as ensuring our services continue to meet the needs of our clients in a rapidly changing pension landscape, as a member of the Executive Management Team she also provides specialist project management for clients on a range of projects including adviser selection and review, governance and transition management.
Amanda has over twenty five years of experience in the pensions industry and has been involved in the implementation of both Group Personal Pensions and trust based defined contribution schemes. She now focuses on leading complex projects, the design and delivery of defined contribution governance frameworks, and our Master Trust due diligence and auto enrolment review projects.
As well as being a Fellow of the Pensions Management Institute (PMI), Amanda is a certified Prince 2 practitioner and holds the PMI Certificates in Pensions Automatic Enrolment and DC Governance